Sandalwood Securities, Inc. (Roseland)

Sandalwood Securities provides portfolio management for pooled investment vehicles and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Sandalwood Securities: assets under management

The assets under management (AUM) of Sandalwood Securities, Inc. is $613.78 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 53% since the beginning of its operation, and $81.13 million of the total AUM is attributable to clients outside of the United States.

The firm manages $613.78 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $61.38 million each.

Sandalwood Securities has custody of $756.78 million in cash and securities for 12 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sandalwood Securities, Inc. for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Sandalwood Securities serves?

The only and largest group of clients of Sandalwood Securities is pooled investment vehicles with 10 clients and $613.78 million of assets under management. Among the 11 most similar advisory firms, Sandalwood Securities has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $613.78 million for 10 clients. 13% of the firm’s clients are foreign persons or businesses.

Sandalwood Securities also advises several private funds. Namely, one hedge fund, ten other private funds, and one private equity fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Sandalwood Securities, Inc.

The company employs 12 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Based in Roseland

The principal office where Sandalwood Securities, Inc. performs its advisory services is located at 101 Eisenhower Parkway, Roseland, NJ 07068, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 973-233-8800 or by fax 973-233-8801. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at sandalwoodsecurities.com.

Registered investment advisers similar to Sandalwood Securities, Inc.

• Prana Capital Management
• Carl Marks Management Company
• Salient Friedman Wealth Management
• Jb Investment Management
• East Bridge Capital Management
• Stephens Group Asset Management
• Gladstone Institutional Advisory
• Kora Management
• Aberdeen Fund Managers
• New Era Financial Advisors
• Structured Portfolio Management
• Goodnow Investment Group
• Sio Capital Management
• Meridian Wealth Management
• Mcgowan Group Asset Management